Free Trial

(H9) Bullish Break *RES 4: 134.890.......>

BOBL TECHS
BOBL TECHS: (H9) Bullish Break
*RES 4: 134.890 High Feb 24, 2017 (continuation chart) 
*RES 3: 134.000 Channel top (continuation chart) 
*RES 2: 133.500 Breakout target 
*RES 1: 133.410 High May 29 (continuation chart)  
*PRICE: 133.230 @ 05:01 GMT Feb 8
*SUP 1: 132.883 21-dma 
*SUP 2: 132.610 Low Jan 18 
*SUP 3: 131.910 Low Dec 13 
*SUP 4: 131.180 Low Nov 8 (continuation chart) 
Bobl futures smashed out of their range to the upside yesterday extending the
broader positive trend towards the May 29 spike high at 133.410. A break above
here would target the measured move breakout target at 133.500. Bears need a
close back below the 21dma which has capped losses in recent weeks. Below here
would suggest a bearish reversal opening the Jan 18 low at 132.610.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.